Oaknorth posts jump in profit as challenger bank targets US expansion and mulls public listing Banking Challenger bank Oaknorth has posted a jump in annual profit on the back of higher lending and an expansion into the US as it looks forward to a potential IPO.
Atom Bank boss on rapid growth, London IPO and why high street challengers are a ‘dying breed’ Banking City A.M. speaks to Atom Bank CEO Mark Mullen about the challenger bank landscape, his firm's rapid growth and plans for a London IPO.
Secure Trust Bank hails record lending growth despite 24 per cent profit drop Banking Secure Trust Bank has posted record lending growth in 2023, while annual profit fell due to one-off charges.
Starling Bank poaches Big Six energy boss ahead of planned London listing March 12, 2024 Digital challenger Starling Bank has appointed OVO boss Raman Bhatia as its permanent chief executive, taking over from interim CEO John Mountain.
Cashplus: Digital challenger to rebrand as Zempler Bank this summer March 12, 2024 Challenger bank Cashplus will rebrand as Zempler Bank this summer to reflect its range of digital products and authorisation as a bank.
Monzo hits $5bn valuation with new funding round led by Alphabet’s CapitalG March 5, 2024 Monzo has secured a new $430m funding round led by Alphabet-owned fund CapitalG valuing the digital challenger bank at $5bn.
Redwood Bank founder Jonathan Rowland aiming to corner padel market with R3 Sport February 27, 2024 R3 Sport counts leading British players as co-founders and investors.
‘Don’t bother going to New York’: Why challenger banks are nervous about listing in London February 24, 2024 A string of UK challenger banks have hit the headlines in recent months for grand plans to compete with their larger rivals on the London Stock Exchange. But executives looking to IPO have plenty to worry about.
A forex fintech is putting an end to hidden fees – high street banks should take note February 20, 2024 Millions of Brits face charges of almost four per cent when sending money abroad – a new app committed to 'radical transparency' is set to change all that, writes Harsh Sinha
Shift: The Yodel deal orchestrator backed by Sir Andy Murray and the Duke of Norfolk February 13, 2024 All you need to know about Yodel's new owner which is backed by Sir Andy Murray and the Duke of Norfolk.